MineRP - Global Leaders in Mining Software - Announces Partnership with Blockchain Platform Karuschain

MineRP partners with Karuschain, and adopts its proprietary blockchain platform to pave the way for data immutability and traceability in the mining and precious metals industry.

MineRP, a global leader in mining software and consultations, signed a letter of intent to partner with blockchain platform Karuschain, creating an extensive opportunity for further transparency, and ensuring the secure management, tracing, and tracking of critical data throughout the precious metals supply chain.

MineRP, with over two-hundred employees and five offices on four continents, and existing partnerships with SAP, Deloitte, IBM and GE, has been closely working behind the scenes with Karuschain’s executive and technical team to collaborate on an integrated blockchain solution to meet the demands of their large customer base.

Karuschain, founded by former executives with a combined industry experience of more than two-hundred and seventy years from companies such as J.P. Morgan, Shell Oil & Gas, BHP Billiton, AngloGold Ashanti, Intercontinental Exchange (ICE) and Farpoint Metals and Mining, enables end-to-end traceability and tracking for the global precious metals industry. Modular by design, Karuschain’s blockchain offers versatility that compliments and enhances a broad range of existing industry technologies and software systems therefore the solutions offered are customizable, scalable and interoperable.

Metals and mining companies receive increasing pressures to harness solutions for meeting global compliance requirements. By implementing this technology to MineRP’s existing systems, Karuschain will enable seamless traceability and audit reports through simple user-friendly dashboards, as well as the tracking of processes with a digital signature all the way from extraction to the final consumer.

This new partnership represents the way in which digitalization is fueling the transformation of the mining and metals industries. In fact, more than $425 billion of value is expected to be generated from the digitalization of the mining and metals industry by 2025, the equivalent of a 3-4% increase in industry revenue during the same period, according to a recent analysis conducted by the World Economic Forum. Furthermore, Karuschain estimates that its serviceable market (SOM) currently stands at $21.6 billion, further indicating the need for technological growth within the mining and precious metals industries.

“I have been involved in some incredible growth businesses in my time, but I have never witnessed the synergy between two companies like this before,” said Richard Verkley, CEO & founder of Karuschain. “This relationship is creating a new-world software solution that truly will become a leading industry force driving dramatic cost benefits, enhanced security, information innovations, and an opportunity for next-generation compliance.”

President & CEO of MineRP, Pieter Nel, commented: “Introducing blockchain to the mining industry will create a massive opportunity for both of our organizations. This emerging technology will enable insights into datasets and untapped opportunities that are ripe for this industry. My team and I are excited where the last few months of intense collaborations with the Karuschain team have taken us, and we are ready to take on this market opportunity together.”

Using blockchain, Karuschain provides a complete chain of custody solution for the precious metals mining industry from mine to market. As a single source of accessible and up to date truth data, this technology enables miners, refiners, consumers, participants and regulators to effectively address the industry challenges of transparency, security, full data control and true compliance within a single technology.

Founded in 1997 as Graphic Mining Solutions International (GMSI), MineRP is an internationally recognized mining software and consulting company with a rich set of unique mining technical products and solutions. As such, MineRP has grown a reputation for expertise in the development of groundbreaking technology as well as being astute advisors and partners when it comes to professional mining consulting.

To request an interview, or for further information, please contact Kaitie Zhee.

Contact Info:
Name: Kaitie Zhee
Email: Send Email
Organization: Spacemade Media
Phone: +1 (305) 857-8700
Website: https://www.spacemademedia.com

Release ID: 88922925